News

Fresh, real and hot (as in spicy) are among the top trends food retailers can look to capitalize on in the new year, according to one of the nation’s foremost food authorit

Executives from retail and restaurant chains grabbed some of the top spots in an annual ranking of the nation’s top CEOs.

Rite Aid chairman and CEO John Standley was rated the number one executive on ExecRank’s 2015 Top Mid Cap CEOs list. Taking the number two spot: Sally J. Smith, CEO and president of Buffalo Wild Wings. Gary Friedman, chairman and CEO of Restoration Hardware Holdings, took the third spot.

Dov Charney, the founder and ousted CEO of American Apparel, continues with his efforts to regain control of the company. But with the chain slated to emerge from bankruptyc in mid-January, time is running out, Bloomberg reported.

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Pinterest is adding a new feature to its Buyable Pins in-app purchase mechanism aimed at price-conscious shoppers.

The emphasis is on fresh foods and convenience at bfresh, a new, urban-scale supermarket concept from Ahold’s Fresh Formats division.

Designed by Scandinavian design agency Blink, bfresh is part neighborhood grocery store, part food hall and part restaurant. The stores, which average about 9,000 sq. ft., have a modern look and a streamlined, simple layout. Digital price tags enhance the contemporary feel.

Walmart and the Walmart Foundation is out with its annual Giving Report which puts a monetary value on all the ways the retailer and its charitable arm sought to make a difference during the 2015 fiscal year.

From a big picture standpoint, Walmart and the Walmart Foundation donated more than $1.4 billion in cash and in kind donations, primarily food, and Walmart’s 2.2 million employees also contributed more than 1.5 million hours of their time outside of work to volunteer causes.

As Walmart prepares to launch its Walmart Pay mobile pay solution, the discounter should study Starbucks’ success in the mobile payments area, according to a report by TheStreet.

Starbucks rolled out its mobile wallet in 2011, and mobile payment now accounts for 21% of all transactions in U.S. company-owned stores. If Walmart wants to get even close to those numbers, it will have to follow Starbucks’ lead and make sure that its mobile payment solution provides a real value to consumers.

Retailers who are focusing on mobile as a means of digitally engaging customers have some solid data backing up their approach.